Toshiba cut flash memory production 30%

Toshiba are cutting flash production by 30 percent as the market has an oversupply of chips. This memory is used in smartphones, PC's and tablets.

Toshibas have made an ‘adjustment to production' of NAND flash memory at their Yokkaichi Operation Plant in Mie Prefecture, Japan which will result in an output cut of around 30 percent.

Toshiba said in a press release “Oversupply of NAND flash memory in the retail market, for application in USB memories and memory cards, has resulted in continual price declines since the beginning of this year.”

They added “High growth rates are forecast for PCs and Smartphones, the drivers of global market demand of NAND flash memory, and the supply and demand balance is expected to improve in the current quarter, from July to September.”

Kitguru says: Toshiba are currently monitoring the market and will boost production again when it is needed.

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